Ecuador says OPEC sees 2009 oil prices above $110
QUITO, Oct 3 (Reuters) - Ecuadorean Oil Minister Galo Chiriboga said on Friday OPEC expects world crude prices to stay above $110 per barrel in 2009.
"The studies we carried out at the last OPEC meeting say prices will stay above $110 in 2009," Chiriboga said in a television interview.
Ecuador, the cartel's smallest member, is concerned about the recent volatility of crude prices due to fears of lower demand in the United States stoked by a fierce financial crisis. (Reporting by Alonso Soto; Editing by John Picinich)
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